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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income continuing operations $ 377.5 $ 588.0 $ 559.9
Net income discontinued operations (193.8) (285.0) 1.7
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 397.1 425.8 383.0
Legal provision 210.0    
Goodwill, impairment charge   234.2  
Deferred income taxes 3.0 (47.2) (24.8)
Loss from equity method investments, net of dividends 31.9 38.1 1.0
Net change in:      
Receivables and other assets, gross (48.4) (102.2) (292.3)
Inventories, gross (123.9) (21.0) (72.6)
Accounts payable and accrued expenses (37.8) 112.3 271.2
Income taxes (19.2) 10.6 15.9
Other, net (5.8) (17.7) 25.4
Net cash provided by operating activities 590.6 935.9 868.4
Investing activities      
Expenditures for property, plant and equipment (560.0) (580.1) (506.8)
Proceeds from sale of property, plant and equipment 5.2 10.5 8.2
Acquisition of intangible assets     (1.1)
Acquisition of businesses and interest in affiliates, net of cash acquired (72.0) (125.3) (226.3)
Net proceeds from divestitures   1.4  
Other (0.9) (3.8)  
Net cash used in investing activities (627.7) (697.3) (726.0)
Financing activities      
Net decrease in short-term debt 355.4 (208.6) (2.7)
Issuance of long-term debt, net of discount 582.2    
Debt issuance costs (2.6)    
Dividends paid to non-controlling interest (2.1) (0.1) (1.7)
Dividends paid (214.3) (208.7) (202.8)
Shares repurchased   (157.0)  
Common stock options exercised 8.2 7.9 5.9
Capital contribution to Veoneer (971.8)    
Other, net   0.3 1.1
Net cash used in financing activities (245.0) (566.2) (200.2)
Effect of exchange rate changes on cash and cash equivalents (61.6) 60.4 (49.0)
Decrease in cash and cash equivalents (343.7) (267.2) (106.8)
Cash and cash equivalents at beginning of year 959.5 1,226.7 1,333.5
Cash and cash equivalents at end of year $ 615.8 $ 959.5 $ 1,226.7